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Dec 31, 2012
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what democrats in congress want is more money. that's what president obama is facing. a full second term of under very constrained circumstances. he wants more rev new. i think he also wants, as much as he feels like he has that sword over republicans, the fact is if the economy goes into recession, that is going to affect the prospects for a successful second term for him and n a profound way. >> congressman cummings, if i still have you, i'm interested in your take on this. i think some friction between even a democratic controlled white house and a democratic controlled house or a democratic controlled congress, there is some friction built in, whether it's a democrat, a democratic republican or a republican. mostly privately they said he didn't listen to us and care about the house. never searched in the house. how open are the liens of communication on the fiscal cliff between house democrats, yourself, leader pelosi, and the white house, whether it's president obama or vice president biden or senior level staff that you feel as though what you guys want and need
what democrats in congress want is more money. that's what president obama is facing. a full second term of under very constrained circumstances. he wants more rev new. i think he also wants, as much as he feels like he has that sword over republicans, the fact is if the economy goes into recession, that is going to affect the prospects for a successful second term for him and n a profound way. >> congressman cummings, if i still have you, i'm interested in your take on this. i think some...
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Dec 31, 2012
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the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about progress that is being made in congress today. for the last few days, leaders of both parties have been working on an agreement that will prevent the middle-class tax hikes hitting 90% of all americans starting tomorrow. preventing that tax hike has been my top priority. it is the last thing that folks like who are appear on this stage can afford right now, to pay an extra $2,000 in taxes. the middle class taxes cannot afford it -- middle-class families cannot afford it, and our economy cannot afford it. today it
the house stands >> fiscal cliff negotiations continue between congress and the white house. the house returns tomorrow at noon eastern. we will have coverage here on c- span. president obama spoke about the afternoon,ff this ev but in the agreement will not happen before tomorrow. his remarks are 10 minutes. >> happy new year to you. hello, everybody. thank you. please, everybody, have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you...
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Jan 1, 2013
01/13
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he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i don't know. i feel like they need to step up and make a compromise. with obama it's like a mandate, with the taxing the wealthiest americans, if he's elected which by a landslide, maybe they need to catch up and form and modernize the party. >> reporter: how much does the political posturing, how is that to watch this churn day after day for the past several days? >> it's rough. i was watching yesterday when the president spoke, hoping maybe they had come to some point. hearing him say we're close but not there yet, it's like these are things that directly affect americans and if this is your job, this in is why we elect you, it's waiting each day, it's kind of like -- it's cliff, though cliff is a misleading term it is a good term. it's like jumping over, wai
he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i don't know. i feel like they need to step up and make a compromise. with obama it's like a mandate, with the taxing the wealthiest americans, if he's elected which by a landslide, maybe they need...
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Jan 1, 2013
01/13
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include members of congress and the white house staff. mr. obama will not be getting a raise. will -- not all will get a raise, and -- be out of the job. leon panetta said he does not the day-to-day operations dramatically if we go over the fiscal cliff. the planning has begun for a layoffs. government civilian furloughs could impact to 800,000 workers. we're learning more about a crash to second involving prince william county. yung died a short time colliding with a minivan bristow. withe witness we spoke describes a chaotic scene. could see people trying to the police officer. it was hard to see through the smoke and flames. >> i thought it was going to explode. moments after he collided minivan, and nearby drivers snapped this picture. >> they were shooting out of the window. e front end of the car, everything. >> she rushed over from a nearby store and into the chaos. >> we saw the flames of the car. >> the man they were trying to save was prince william county chris yung.er he was writing to a separate when i minivan turning left pulled in front of the 35- year-old. some
include members of congress and the white house staff. mr. obama will not be getting a raise. will -- not all will get a raise, and -- be out of the job. leon panetta said he does not the day-to-day operations dramatically if we go over the fiscal cliff. the planning has begun for a layoffs. government civilian furloughs could impact to 800,000 workers. we're learning more about a crash to second involving prince william county. yung died a short time colliding with a minivan bristow. withe...
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Dec 30, 2012
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this morning in an exclusive interview president obama said compromise will be a key to making a deal. >> it is very important for republicans in congress to be willing to say we understand we are not going to get 100%. we are willing to compromise in a serious way. >> senate leaders hoped to send a plan right about now. the talks have broken down. listen to what senate leader said on the floor a short while ago. >> now, i'm concerned about the lack of urgency here. i think we all know we are running out of time. this is far too much at stake for political gamesmanship. the consequences of this are too high for the american people to be engaged in a political messaging campaign. i am interested in getting a result here. >> we have been trying to come up with some counteroffer to my friends' proposal. we have been unable to do that. i had have had a conversation with the president and that this stage we are not able to make a counteroffer. >> what happens now? with us is cello o'donnell and kristen welker. >> we are sort of at a pause point. if you are looking at the tone of these lead
this morning in an exclusive interview president obama said compromise will be a key to making a deal. >> it is very important for republicans in congress to be willing to say we understand we are not going to get 100%. we are willing to compromise in a serious way. >> senate leaders hoped to send a plan right about now. the talks have broken down. listen to what senate leader said on the floor a short while ago. >> now, i'm concerned about the lack of urgency here. i think we...
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Dec 31, 2012
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he knows the rhythms of the senate and of congress better than president obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be struck. i think that's not surprising. that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of the tax cuts expire at midnight. the sense we're getting from a lot of sources and from members of congress is that perhaps tonight isn't a hard and fast deadline. mitch mcconnell and the vice president are negotiating in earnest to find a deal. but it's sort of difficult to see how exactly that may come to be by midnight and have votes in the senate and house. the thought is that going over the cliff gives cover for some democrats and certainly some republicans. there will be a lot more pressure after the cliff comes to be to put a solution in place. even after midnight were to come and go
he knows the rhythms of the senate and of congress better than president obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be struck. i think that's not surprising. that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of...
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Dec 24, 2012
12/12
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with one week to go president obama and congress are on christmas vacation. it will be thursday before talks resume to prevent automatic tax hikes and spending cuts taking effect january 1st. on friday, speaker boehner and the president left town with no deal each making a parting pitch. >> we have asked leaders of congress to work towards a package preventing a tax hike on middle class americans protects unemployment insurance for two million americans, and lace the ground work for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be red ink as far as the eye can see. and it would hurt jobs. >> if congress fails to reach any agreement in con-- income tax rates will go up on about everybody on january 1st. unemployment benefits will expire for many as well. >>> the u.s. senator arrested for driving under the influence says he is "deeply sorry" for what happened. police say that michael crapo was pulled over early sunday in dc for running a red light. he he was arrested after failing a sobriety test. he h
with one week to go president obama and congress are on christmas vacation. it will be thursday before talks resume to prevent automatic tax hikes and spending cuts taking effect january 1st. on friday, speaker boehner and the president left town with no deal each making a parting pitch. >> we have asked leaders of congress to work towards a package preventing a tax hike on middle class americans protects unemployment insurance for two million americans, and lace the ground work for...
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Jan 2, 2013
01/13
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then the democrats had the congress, that everything in obama's first term and had no back on. they just went ahead and let the republicans push them around. they forgot to put them there, as far as the unions, the middle-class. they are not protecting these unions and passing legislation to help them. what is happening is, now you've got what just happened in michigan, right to work. this is not about right to work, it is about busting unions. everyone of those red states have a republican governor who have been pushing this issue and is getting to the point where i think the only thing that will stop all this bickering between parties is term limits. if a president can only serve two terms, then a congressman, senator, can only serve the same amount of terms, and then we will not have this power struggle as far as the republicans against the democrats, because they better do their job because they have a limited amount of time, or they are out. >> mike o'brien of nbc has this week. -- this tweet. that is the spending amendment that some republicans had wanted to. again, we do
then the democrats had the congress, that everything in obama's first term and had no back on. they just went ahead and let the republicans push them around. they forgot to put them there, as far as the unions, the middle-class. they are not protecting these unions and passing legislation to help them. what is happening is, now you've got what just happened in michigan, right to work. this is not about right to work, it is about busting unions. everyone of those red states have a republican...
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Dec 31, 2012
12/12
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. >> i think that's the case and also what you see is washington, including president obama and congress, they are like kids playing soccer, they go to whichever ball is next and don't look at the bigger picture. there was a gun-- a terrible shooting, now they want to do gun control. they have some-- it's from one thing to the next and rather than a bigger picture and dealing with things. >> and mark this the beginning of the end of the n.r.a. as a big tougher-- >> their approval. >> like the unions. >> and no, no, a lot higher than that. >> i repeat, still ahead on "the five." >> so, these are chicken wings. >> wow, minnesota or wisconsin, one or the other. >> music, ♪ i'm singing forever. >> i'm so glad i could introduce this. one of the great things about "the five" is all the fun they have at this table. we'll look at some of the wildest moments. you don't want to miss this. we'll be right back. ♪ let's twist again like we did last year ♪ ♪ ♪ in new york city, dancing in the street ♪ >> yes, sir, hello, excuse me. welcome back to "the five." my personal five, that's five,
. >> i think that's the case and also what you see is washington, including president obama and congress, they are like kids playing soccer, they go to whichever ball is next and don't look at the bigger picture. there was a gun-- a terrible shooting, now they want to do gun control. they have some-- it's from one thing to the next and rather than a bigger picture and dealing with things. >> and mark this the beginning of the end of the n.r.a. as a big tougher-- >> their...
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Dec 24, 2012
12/12
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congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for inf
congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald...
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Dec 31, 2012
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if congress doesn't agree, spending cuts will go in to effect and we will pay more taxes. the impact is more than $3400 in a year. >>> she was supposed to return to work this week, instead, secretary of state, hilary clinton is in the hospital. treated for a blood clot that resulted after a fall earlier this month. >> reporter: hilary clinton was admitted to new york presbyterian hospital with a blood clot from a concussion she suffered several weeks ago. he doctors discovered the clot earlier in the day during a follow up exam. no details of where the clot is or other concerns have been releasede first time clinton has been diagnosed with a blood clot. in 98 she was admitted for a clot behind her right knee. the 65-year-old had a stomach virus this month and became dehydrated, fainted and struck her head. she canceled the trip abroad and was not well enough to appear on capitol hill to testify on the attack in libya. doctors want to monitor her medication over the next 48 hours. >>> good news for former president george hw bush, his health condition has improved, meaning
if congress doesn't agree, spending cuts will go in to effect and we will pay more taxes. the impact is more than $3400 in a year. >>> she was supposed to return to work this week, instead, secretary of state, hilary clinton is in the hospital. treated for a blood clot that resulted after a fall earlier this month. >> reporter: hilary clinton was admitted to new york presbyterian hospital with a blood clot from a concussion she suffered several weeks ago. he doctors discovered...
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Dec 29, 2012
12/12
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. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> president david wilson may be getting a remove of sorts after a lengthy public meeting months announced it is negotiating to keep him on until june 2014. his current contract expires in june of 2013. it was a rough year with two shootings on campus. >>> the russian president signed a law banning americans from adopting russian children. a law that people say is heartbreaking and punishes no one but the children. one family says he just signed a death notice for thousands of orphans in his country. >> reporter:
. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to...
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Jan 1, 2013
01/13
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host: president obama talking about what democrats won, potentially, in this deal. a writer for the nation -- "the nation" -- as he writes, the bill was approved, and most republicans were behind it. they're worse -- there were some no votes. there were five republican nos. there were three knows from the democrats, senators bennett, harper, and tom harkin. richard in capitol heights, maryland, an independent color. caller: thank you for taking my call. those people realize that this so-called fiscal cliff, but there is a reason why these tax cuts camp -- come up every year. it is so they can keep debating over the american people, to allow the american people to pay super rich people's america -- their taxes. i just do not get what people do not understand that this is why it comes up every year. that is what we will keep doing. this is what they are fighting for. it is wild. sexting dollar trillion of debt is bush and obama tax cuts -- $16 trillion that is the bush tax cuts that keep coming up. the medicare plan be. that is the other is trillion dollars. we cannot
host: president obama talking about what democrats won, potentially, in this deal. a writer for the nation -- "the nation" -- as he writes, the bill was approved, and most republicans were behind it. they're worse -- there were some no votes. there were five republican nos. there were three knows from the democrats, senators bennett, harper, and tom harkin. richard in capitol heights, maryland, an independent color. caller: thank you for taking my call. those people realize that this...
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Jan 1, 2013
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each of them had published the birth of barack obama. that doesn't mean that there aren't some other explanations on how they might have announced that telegram from kenya. the list goes on. i guess she considered herself naming her son might be a minor setback for her son's future run for presidency. up next, mitt romney's 47% video to obama's debate disaster in november. you're watching "hardball," the place for politics. >>> welcome back to "hardball." first up, the video that turned out to be the low-point for the romney campaign. the candidates taped comments to donors down in florida that nearly half the americans are lazy and happy to be on the government doll. it's simply known as the 47% video. let's listen again. >> there are 47% of the people who will vote for the president no matter what. the there are 47% of the people who are with him who believe that they're entitled to health care, to food, to housing, to you name it. so my job is not to worry about those -- i'll say they should take personal responsibility and care for t
each of them had published the birth of barack obama. that doesn't mean that there aren't some other explanations on how they might have announced that telegram from kenya. the list goes on. i guess she considered herself naming her son might be a minor setback for her son's future run for presidency. up next, mitt romney's 47% video to obama's debate disaster in november. you're watching "hardball," the place for politics. >>> welcome back to "hardball." first up,...
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Dec 31, 2012
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and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we talk a lot here about the sequester, the income tax rates for the wealthy and other issues that need to be resolved or one on the table. one that's not on the table, the payroll tax extension is just gone. unemployment insurance extension looks like it's part of this. and medicare dock fix. you have any sense of two other things that obama's been looking for here? one is an extension of the expansion of the refundable tax credits of stimulus in 2009. these are things pushing for. if that's part of it and obama looking for at least some infrastructure, some stimulus spending. are any of those compone
and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we...
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Dec 31, 2012
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is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a delegate time. i think the democrats would be embased after what the president did. >> after months of the president promising a balanced approach there are only tax hikes for rich without new spending cuts. today he hinted at more tax hikes ahead. warning republicans that the future deficit reduction will not come from cuts alone. >> if they think that is the formula for how we solve this thing, they have another thing coming. that is not how it will work. >> republicans fire back it's time for presidential leadership, to stop exploding cost of programs like medicare. >> mr. president, i am willing to play along
is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this...
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Dec 31, 2012
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president obama has signed 290 bills passed by congress this year. this compares to 383 bills passed last year. his approval rating currently stands at a nice round that 18% according to politics average. from the youth list to the downright e'en, a survey from airfare revealed that flyers found -- nearly 25% of the vote. united airlines coming in second with 21% and followed by alta and u.s. airways. the social network suspending its new year's eve messaging tool. it allowed them to read the messages of private users. diane, a big raise. >> that is right. we are watching netflix shares very closely. this comes out after they cut his take last year. the stock is up almost 32% since the start of 2012. reed hastings is doubling his outlook. trading is light as expected. the dow is up 11. the nasdaq is up about 22. the s&p is up about five points. dagen: thousands of small businesses around the country are waiting for the outcome around washington. the results could have a serious impact when it comes to withholding taxes from employees paychecks. jeff
president obama has signed 290 bills passed by congress this year. this compares to 383 bills passed last year. his approval rating currently stands at a nice round that 18% according to politics average. from the youth list to the downright e'en, a survey from airfare revealed that flyers found -- nearly 25% of the vote. united airlines coming in second with 21% and followed by alta and u.s. airways. the social network suspending its new year's eve messaging tool. it allowed them to read the...
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Dec 27, 2012
12/12
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don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to work. the president probably wished he stayed in hawaii because not much has changed. >> both sides are waiting for the other to make the first move. senate republicans are ready to look over a plan the democrats put forth but they say there's no plan. this morning the top senate democrat, harry reid, chided the top house republican, john boehner, nor not calling the house legislators back into zes speaker boehner should call them back today. he shouldn't have let them go in fact. they're not here. they are not here. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> in response, a spokesman f
don't forget the obama administration and congress have the debt ceiling hanging over them. the u.s. set to hit the borrowing limit of over $16 trillion by the end of the year. there's a lot going on at 2012 winds down. in congress, the senate is in session, the house is not. it's the first time either chamber has been in session for business between christmas and new year's since 1970. >> trace: so they're coming back to work. the president probably wished he stayed in hawaii because not...
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Dec 30, 2012
12/12
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congress cannot get out of its own way. >> average family would pay an extra $3,400 next year. >> the law says that every american's tax rates are going up. every american's paycheck will its mother. if that the impasse has shaken wall street, -- the impasse has shaken wall street. >> i think the likelihood is we go over the fiscal cliff. >> jim moran is wondering if partisan politics has destroyed the chance for any agreement. >> i don't think we will be up to reach a deal, no matter how small it might be. >> the american people are watching what we do. obviously, their patience is already thin. >> if senate leaders reached a deal, rank-and-file senators could vote by sunday, house member sunday night. right now there is not enough time left, they really need a deal tomorrow to beat the monday midnight deadline. richard reeve, abc 7 news. >> in addition to working on a deal on the fiscal cliff president obama has ordered 50 u.s. troops to the african country of chad to help evacuate american citizens and embassy personnel from the neighboring countr rebel forces are approaching the c
congress cannot get out of its own way. >> average family would pay an extra $3,400 next year. >> the law says that every american's tax rates are going up. every american's paycheck will its mother. if that the impasse has shaken wall street, -- the impasse has shaken wall street. >> i think the likelihood is we go over the fiscal cliff. >> jim moran is wondering if partisan politics has destroyed the chance for any agreement. >> i don't think we will be up to...
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Jan 1, 2013
01/13
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pressure congress to move the ball forward. he has been doing it the past few weeks, doing it this weekend when he granted an exclusive interview to david gregory on "meet the press." he essentially made the point that if we go over the fiscal cliff, average americans will be harmed. their taxes will go up by about $2,000. so president obama at this hour waiting to see what comes out of the meeting with vice president joe biden and democrats. he and the white house feel confident moving forward with this deal, they believe it is a good deal and believe it has a strong chance of passing the senate. and then ultimately through the house, melissa? >> do you think there is a chance we may actually hear from the president tonight? >> reporter: i think that is unlikely as this hour. i also think it is unlikely before both chambers take a vote. i think that what is more realistic, and we have not gotten any guidance, the white house not weighing in on this, at all. but i think if we had to guess i would say we would probably hear from
pressure congress to move the ball forward. he has been doing it the past few weeks, doing it this weekend when he granted an exclusive interview to david gregory on "meet the press." he essentially made the point that if we go over the fiscal cliff, average americans will be harmed. their taxes will go up by about $2,000. so president obama at this hour waiting to see what comes out of the meeting with vice president joe biden and democrats. he and the white house feel confident...
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Jan 1, 2013
01/13
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capitol hill, and discussed this deal with them, and both of the top democrats in congress have agreed to the terms of this deal so it looked like they have an agreement to proceed and we have something that congress, boat houses of congress can move forward with if biden doesn't get too much resistance tonight and speaker boehner agrees to put it on the floor in the coming days. >> let's bring in a democratic senator, jeff merkley of oregon is joining us. you're getting ready to go into this democratic caucus meeting with the vice president, joe biden. what are you hearing right now? are you on board? >> we haven't heard the detail said, but there's three main things we want to nail down. first is fairness to people who versus those who are best off in society. the second is are we looking down the road to another fiscal cliff, such as sequestering or the dent ceiling kicking in a few month from now, and the third piece is is it financially responsible. are we producing a deal that will actually put us on a path to a financially stable future. those three things are the big questions
capitol hill, and discussed this deal with them, and both of the top democrats in congress have agreed to the terms of this deal so it looked like they have an agreement to proceed and we have something that congress, boat houses of congress can move forward with if biden doesn't get too much resistance tonight and speaker boehner agrees to put it on the floor in the coming days. >> let's bring in a democratic senator, jeff merkley of oregon is joining us. you're getting ready to go into...
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Jan 1, 2013
01/13
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president obama said a deal is in sight. appeared at a campaign style event to remind everyone he is winning and the g.o.p. is not. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the campaigning, the president won. we all know that. he won fair and square. but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a very delicate time in the negotiations. i would think democrats would be embarrassed at what the president did. >> after months of the president promising a balanced approach, there are only tax hikes for the rich without any new spending cuts. and today he hinted at even more tax hikes ahead. warning republicans future deficit reduction will not come f
president obama said a deal is in sight. appeared at a campaign style event to remind everyone he is winning and the g.o.p. is not. >> just last month republicans in congress said they would never agree to raise tax rates on 00 wealthiest americans. obviously the agreement is currently being discussed would raise those rates and raise them permanently. >> republicans suggested the event may back fire. accusing the president of rubbing their noses in defeat. >> time to stop the...
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Dec 24, 2012
12/12
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WMAR
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to hammer out a deal with congress. the deadline is now a week away. andrew spencer reporting. >>> as we gather with our loved ones on christmas eve we are reminded the holidays for familiesin newtown connecticut will be somber. people came together to make snowflake decorations for the survivors of the sandy hook shooting. they say they wanted to do something to help make the town beautiful again and turn it into a winter wonderland instead of a place filled with so much pain. we heard from the nra and now we are hearing from local politician who is are pushing for tighter gun control. the nra broke their silence on friday a week after 26 people died at sandy hook elementary school by a man with 3 high powered guns. senator lisa gladden who represents baltimore city is making it her mission to outlaw extended mag zoos allowing a gunman to kill more ammunition and says her colleague says there's no use for high powered weapons. >> it's stupid. i -- stupid. it doesn't make sense to add more guns to schools. when you add
to hammer out a deal with congress. the deadline is now a week away. andrew spencer reporting. >>> as we gather with our loved ones on christmas eve we are reminded the holidays for familiesin newtown connecticut will be somber. people came together to make snowflake decorations for the survivors of the sandy hook shooting. they say they wanted to do something to help make the town beautiful again and turn it into a winter wonderland instead of a place filled with so much pain. we...
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Jan 1, 2013
01/13
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president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it gets solved at all. that's still not entirely clear. let's go to jessica yellin. if you've been watching over the last several hours, you get conflicting information. is there a deal or not? >> the white house is optimistic there will be a deal. republicans in the senate are confident there will be a deal. senate democrats are still holding out for more changes in this deal. and so right now, there's still that last haggling over certain sticking points that democrats want to see in this negotiation. and it's one of the reasons we understand that vice president biden is set to go up there. now, that's once the deal is done and sealed. the reason the vice president would go up there, it's to sort of sell the deal, basically, a
president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it gets solved at all. that's still not entirely clear. let's go to jessica yellin. if you've been watching over the last several...
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Jan 1, 2013
01/13
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commented upon himself on monday. >> one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you're supposed to do, they will use that last second. >> and joining us now from capitol hill, democratic congresswoman debby wassermann schultz of florida who also serves as the dnc chair. thank you for joining me. >> thank you, mara. great to be with you. happy new year. >> in about an hour your conference meets on this bill. in attendance will be vice president joe biden. is it going to be difficult to sell your party on this deal? >> well, i think that we're going to come together in about an hour as a democratic caucus and hear the vice president out. there are a lot of good things in this bill that make sense and that i think it will ultimately earn the overwhelming majority of house democratic votes. we made sure that as we committed throughout this last campaign that we would not allow taxes to increase on 98% of americans that's in this deal. we made sure that we pushed off a really significant slashing of defense s
commented upon himself on monday. >> one thing we can count on with respect to this congress is that if there is even one second left before you have to do what you're supposed to do, they will use that last second. >> and joining us now from capitol hill, democratic congresswoman debby wassermann schultz of florida who also serves as the dnc chair. thank you for joining me. >> thank you, mara. great to be with you. happy new year. >> in about an hour your conference...
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the white house hopes to have president obama's signature on the legislation by the time the new congress takes office. that is at noon on thursday. that would minimize the impact of not having a deal in place by the start of the year. >>> another spending battle is brewing on capitol hill. the government is close to reaching its debt limit. the treasury is taking steps to delay reaching the 16.4 trillion dollar borrowing limit. yesterday it stopped issuing new debt for two government retirement funds. that will not affect current retirees. treasury secretary timothy geithner announced last week that his department will adopt measures to save $200 billion keeping the government from reaching its limit for about two months. >>> we'll have much more on this deal throughout this evening on news 4 at 5:00 and then again at 11:00. you can also read about it throughout the day by going to nbcwashington.com. >>> at some point numbers will be fun again but not right now. >> absolutely. but it is a chilly start this morning. not as bad as it has been the past couple of days. >> this is true. 4:31
the white house hopes to have president obama's signature on the legislation by the time the new congress takes office. that is at noon on thursday. that would minimize the impact of not having a deal in place by the start of the year. >>> another spending battle is brewing on capitol hill. the government is close to reaching its debt limit. the treasury is taking steps to delay reaching the 16.4 trillion dollar borrowing limit. yesterday it stopped issuing new debt for two government...
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Dec 28, 2012
12/12
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WUSA
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president obama and congress got back to work yesterday trying to find a deal to avid the cliff. there were signs of hope and signs of discouragement as both sides agreed to talk but again, both sides blaming each other for the stalemate. the president will host a summit at the white house today. tara mergener is on capitol hill with more. >> reporter: the fiscal cliff is still a few days away. but business owner don says he's already feeling the impact. >> a lot of our customers are holding back. they're apprehensive. they are not committing to projects. they're not -- you know they're waiting to see that's going to happen with the fiscal cliff. >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1st. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a fiscal cliff summit. >> her
president obama and congress got back to work yesterday trying to find a deal to avid the cliff. there were signs of hope and signs of discouragement as both sides agreed to talk but again, both sides blaming each other for the stalemate. the president will host a summit at the white house today. tara mergener is on capitol hill with more. >> reporter: the fiscal cliff is still a few days away. but business owner don says he's already feeling the impact. >> a lot of our customers...
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Dec 27, 2012
12/12
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WBAL
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with the nation teetering on the brink, president obama return to washington to work on a deal. >> the american people have a right to be upset with this congress. >> the finger pointing continues with democratic leaders accusing house speaker john boehner of putting his political ambitions ahead of the country's fiscal help. >> it is obvious what he is doing. he is waiting until january 3 to get reelected as speaker before entering serious negotiations. >> boehner says that senator reid should "talk less and legislate more." >> republicans have spent over backwards. we have stepped way, way out of our comfort zone. >> the standoff continues. >> right now, the house and senate are in the blame game. each says the onus is on each other to cover the fiscal cliff. >> both sides hope for a deal, but hopes are fading. and some observers say the deal is more likely after the new year after the tax cuts expire. >> then they will be cutting taxes instead of voting to raise taxes. it is a small distinction, but an important one for some republicans. >> president obama spoke to congressional lea
with the nation teetering on the brink, president obama return to washington to work on a deal. >> the american people have a right to be upset with this congress. >> the finger pointing continues with democratic leaders accusing house speaker john boehner of putting his political ambitions ahead of the country's fiscal help. >> it is obvious what he is doing. he is waiting until january 3 to get reelected as speaker before entering serious negotiations. >> boehner says...
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Dec 31, 2012
12/12
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won wonders whether congress has earned their raise. grover and i have never agreed on anything rat all except the fact that congressmen shouldn't have had a raise on thursday. good morning, goo to see again. >> good morning. >> you continue to engage in the conversation which i always appreciate. let me ask you this, you don't want taxes going up on anyone. but when things looked like they were aat an impasse and house speaker john boehner, the highest elected in the country. put forward his plan b about a week ago, you read it through, and you said you would be okay with people who had signed this anti tax pledge of yours voting for that bill. voting for an increase of taxes. and you will phrase it differently. voting for something that will allow taxes to go up for those that make more than $1 million a year. that seems like a sea change. why did you agree to that? >> it wasn't a sea change. this is a written commitment by many congressmen and senators, governors, state legislators, that they'll oppose any and all efforts to raise ta
won wonders whether congress has earned their raise. grover and i have never agreed on anything rat all except the fact that congressmen shouldn't have had a raise on thursday. good morning, goo to see again. >> good morning. >> you continue to engage in the conversation which i always appreciate. let me ask you this, you don't want taxes going up on anyone. but when things looked like they were aat an impasse and house speaker john boehner, the highest elected in the country. put...
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Dec 28, 2012
12/12
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WRC
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president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state te
president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house...
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Dec 31, 2012
12/12
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WRC
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congress could pass it red rho actively. >>> breaking news in prince william county. we have just learned a county police officer died following in fiery crash at the intersays of nobodiesville road and piper lane. officer chris young was riding on a motorcycle at the time. you can see the van was the other vehicle. we're still gathering information about this accident. we'll bring you more throughout the evening. >>> it's been a cold new year's eve so far today. doug kammerer has the forecast for us. >> things looking okay out there. look for a sprinkle, maybe a flurry, but don't expect it to impact your plans. take a look, and the cloud cover continues to make a way in. you can see a lot of what looks like rain and snow back toward the west, but most of this not reaching the ground. the atmosphere just a little too dry. as i mentioned, maybe a sprinkle or flurry. later on, i'll update the exact midnight temperatures. many of those locations all looking pretty good. i'll talk about that coming up, plus how cold will we start off 2013. >>> about a million people expec
congress could pass it red rho actively. >>> breaking news in prince william county. we have just learned a county police officer died following in fiery crash at the intersays of nobodiesville road and piper lane. officer chris young was riding on a motorcycle at the time. you can see the van was the other vehicle. we're still gathering information about this accident. we'll bring you more throughout the evening. >>> it's been a cold new year's eve so far today. doug kammerer...
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Dec 24, 2012
12/12
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WJZ
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president obama and the first lady attended the memorial service. he was the first japanese american elected to both houses of congress and the second largest serving u.s. senator. he was 88 years old. >> back here in maryland a police shooting in baltimore county, a police officer opened fire, killing a man who had a knife. that's where derrick is tonight with the details. >> reporter: police say the officer was acting in self- defense when he confronted and shot a suspicious man he found back here behind this gas station. it all started with an officer on routine patrol as he passed the shell gas station at ed monton around 3:45 in the morning. he noticed a suspicious man behind the building. police say when the officer asked the man to come out from behind the building, the man pulled out a knife. >> the officer attempted to use a taser to stop the situation, but it was ineffective. the man refused repeated commands to drop the knife. >> reporter: police say fearing for his safety, the officer shot the man to the chest. he has been identified. he
president obama and the first lady attended the memorial service. he was the first japanese american elected to both houses of congress and the second largest serving u.s. senator. he was 88 years old. >> back here in maryland a police shooting in baltimore county, a police officer opened fire, killing a man who had a knife. that's where derrick is tonight with the details. >> reporter: police say the officer was acting in self- defense when he confronted and shot a suspicious man...
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Dec 24, 2012
12/12
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it's a question of whether president obama forges a closer working relationship with congress this time around and then the second-term scandal. clinton dom natded and ended after a year because lewinski scandal began. congressional investigation and impeachment and then completely derailed any agenda he hoped to push in that second four years. >> i have to go back to work on my state of the union speech. and i worked on it until pretty late last night. but i want to say one thing to the american people. i want you to listen to me. i'm going to say this again. i did not have sexual relations with that woman. miss lewinski. >> though ronald reagan pushed through a tax overhaul in the second term he also became embroiled in the iran-contra affair. >> a few months ago i told the american people i did not trade arms for hostages. my heart and best intentions still tell me that's true but the facts and evidence tell me it is not. >> there's a bright side. if lincoln didn't have a second term he wouldn't have won the civil war. reagan's with the end of the cold wars and without a second term
it's a question of whether president obama forges a closer working relationship with congress this time around and then the second-term scandal. clinton dom natded and ended after a year because lewinski scandal began. congressional investigation and impeachment and then completely derailed any agenda he hoped to push in that second four years. >> i have to go back to work on my state of the union speech. and i worked on it until pretty late last night. but i want to say one thing to the...
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Dec 26, 2012
12/12
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WBAL
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. >> congress is heading backed to washington tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. >> everybody can pull off and drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> it begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> it would be the most colossal act of congressional irresponsibility in a long time if that happens. >> some strong words from senator lieberman. the president is expected to arrive tomorrow morning. >> how promising does is look that they will find a solution? >> we have heard president obama and speaker john boehner calling each other optimist. 50% of americ
. >> congress is heading backed to washington tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. >> everybody can pull off and drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to...
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Dec 27, 2012
12/12
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KRON
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that is my dad's campaign picture when he was 39 years old running for congress in 1932. this is his desk and i sat on it when i was a kid, 10 years old. >> this is my favorite thing in your office. >> there's a lot of things that go and there but the real problem is a lot of people don't realize it. >> then there are the fun things like the model of grover given to him by students from caltech. also the mock spot sports illustrated cover. >> i have never been anything more than a water boy. >> no e-mail may perhaps be the secret to buffett's success. >> no e-mail for the richest man in the world. here's a look from our mt. tam cam and it should be a pretty nice day. lots of sunshine looking down the coast right now. enjoy it because more rain is on the way. we will have more on the forecast coming up. also you can bring in the new year right here on kron4. the only local show with live fire worked around the bay posted by katharine heenan and gary radnich. >> the california highway patrol reported over a thousand you why arrest those this weekend. they went to a maximum
that is my dad's campaign picture when he was 39 years old running for congress in 1932. this is his desk and i sat on it when i was a kid, 10 years old. >> this is my favorite thing in your office. >> there's a lot of things that go and there but the real problem is a lot of people don't realize it. >> then there are the fun things like the model of grover given to him by students from caltech. also the mock spot sports illustrated cover. >> i have never been anything...
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Dec 30, 2012
12/12
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into law by president obama. but a lot of these laws were insignificant, things like the names of post offices. and a slew of bills passed by the house had no chance of passing the senate or getting the president's signature, like repeated attempts to repeal the affordable care act. the influence of the tea party lawmakers have been a clear factor. >> the tea party, which is not even on the screen about a year ago at this time, is a very domineering force. >> one story will be with us, the rise of the tea party. >> regardless of what those elites think, the tea party movement is authentic, grassroots movement. >> i wouldn't sell short these candidates. >> tea party americans, you're winning. >> it's a big mistake not to take it seriously. >> you think the tea party is here to stay? >> absolutely. >> this book was just named the best book of the year. good evening and congratulations. >> thank you, chris. happy to be with you. >> this fiscal cliff was supposed to be so severe, so potentially devastating, there wou
into law by president obama. but a lot of these laws were insignificant, things like the names of post offices. and a slew of bills passed by the house had no chance of passing the senate or getting the president's signature, like repeated attempts to repeal the affordable care act. the influence of the tea party lawmakers have been a clear factor. >> the tea party, which is not even on the screen about a year ago at this time, is a very domineering force. >> one story will be with...
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Dec 31, 2012
12/12
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FOXNEWSW
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about this morning. >> the president spoke to nbc's meet the press about the urgency for congress to act and placed the blame on republicans. >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership and i suggested if they want kant to a comprehensive package let's at minimum make sure people's taxes don't go up and 2 million people don't lose unemployment insurance. i was optimistic yesterday but we don't see an agreement now the pressure is on congress to produce. if they don't what i have said is in the senate we should introduce legislation that would make sure middle class taxes stay where they are. >> donald trump will react to the current state of the negotiations at 7:00 a.m. eastern. >>> time now for your 5@5:00. the top five stories making news at this hour and a fox news alert. she was supposed to be back on the job this week but hillary clinton is now in the hospital. a spokesman says a blood clot was found in a follow up exam for her co
about this morning. >> the president spoke to nbc's meet the press about the urgency for congress to act and placed the blame on republicans. >> we have been talking to the republicans ever since the election was over. they have had trouble saying yes to a number of repeated offers. yesterday i had another meeting with the leadership and i suggested if they want kant to a comprehensive package let's at minimum make sure people's taxes don't go up and 2 million people don't lose...
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Dec 31, 2012
12/12
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CNBC
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president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or frankly, the courage to close the deal. >> i will say this. i think that the republican leader has shown absolutely good faith. it's just that we are apart on some pretty big issues. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> mitch mcconnell, who you just heard from there, is trying to enlist vice president joe biden in the fiscal cliff talks. in the absence of a deal, senator reid is prepared to hold a bill on the president's backup plan. and as all of this goes back and forth, here is how markets are faring ahead of the open today. futures show the do
president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. >> the sticking point appears to be a willingness, and interest or...
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Dec 24, 2012
12/12
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WJZ
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president obama and congress are are home -- are home now for christmas. automatic tax hikes and spending cuts will kick in january 1st. democrats and republicans insist they are still committed to reaching a deal with the house speaker vowing to return to washington the day after christmas. >>> more than 1,000 people attend the memorial service for the late hawaii senator daniel enoway. he was the first japanese american elected to congress. he spent 50 years in washington serving the people of hawaii. he died last week. he was 8 8. >>> this morning an investigation is underway after a baltimore county police officer opens fire, killing a man who they say was pointing a knife at him. mike schuh is live with more on what happened. good morning, mike. >> reporter: good morning. county police say that their officer stopped a man behind this gas station and what happened next is up for investigation. >> the officer on routine patrol passes this shell station around 3:45 in the morning. behind the building a suspicious man. police say when the officer asked th
president obama and congress are are home -- are home now for christmas. automatic tax hikes and spending cuts will kick in january 1st. democrats and republicans insist they are still committed to reaching a deal with the house speaker vowing to return to washington the day after christmas. >>> more than 1,000 people attend the memorial service for the late hawaii senator daniel enoway. he was the first japanese american elected to congress. he spent 50 years in washington serving the...
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Dec 28, 2012
12/12
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the three-way stare down between the white house, the senate, the congress moves to pennsylvania avenue. president obama meeting behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th co
the three-way stare down between the white house, the senate, the congress moves to pennsylvania avenue. president obama meeting behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to...
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Dec 28, 2012
12/12
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breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators
breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle...
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Jan 1, 2013
01/13
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CNNW
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let's wait for the new congress to get in the house. we'll start over. so this is pretty bad news if you think from the perspective of wanting a deal before thursday. >> if they start all over again, they could do it within a few days and my experience in washington, the longer you wait on a deal like, this the more complicated potentially you could get. >> they can't let us continue on the fiscal -- we've gone over the fiscal cliff. >> unemployment could go from 7.75% to 7.95%. >> the white house tried to do a grand bargain with boehner and revenue piece that's been kicked back to the house and the house is saying, forget it, forget it, we want these spending cuts, too. so everyone has to be in a room negotiating this thing. >> ryan, thank you. >>> the vice president joe biden has just weighed in on the confusion in the house of representatives. what is he saying? stand by. jessica yellin is over at the white house. 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january
let's wait for the new congress to get in the house. we'll start over. so this is pretty bad news if you think from the perspective of wanting a deal before thursday. >> if they start all over again, they could do it within a few days and my experience in washington, the longer you wait on a deal like, this the more complicated potentially you could get. >> they can't let us continue on the fiscal -- we've gone over the fiscal cliff. >> unemployment could go from 7.75% to...
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Dec 28, 2012
12/12
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present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour for immediate action is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will considerably smaller. that would be the wrong thing to do. >> after meeting with the president and treasury secretary, congressional leaders headed back to the capital without a deal. nancy pelosi insists some progress was made. disgorge by reports the would not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and extend long-term unemployment benefits. de
present obama just spoke about this. rebecca cooper is in our newsroom with what we are hearing about the meeting. >> the president quoted yogi bear saying it is deja vu all over again with congress' continuing its bickering. now he is saying they should at least a vote on extending tax cuts for middle-class americans and extending unemployment benefits before january 1, because. >> the hour for immediate action is here. it is now. we are now at the point where in just four days,...
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Dec 31, 2012
12/12
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FBC
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we heard from president obama. did he mock congress? ashley: a little bit. this is busy day on new year's eve. not a done deal. we're making progress on an agreement. there is more work to do. the hour is. lori: fiscal cliff taking away from what has been a solid year for stocks. s&p 500 up 11 1/2%. nasdaq up 14%. accordingly we're looking for answers. ashley: apple shares clawing back from the three-month slide. baron's jack hough says the stock has more upside ahead and he will explain why. lori: as we do every 15 minutes, let's head down to the floor. diane macedo covering all the action. diane, stocks climbing ever so slightly higher. all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you look at market numbers. they're hiring when we started this morning but they're actually lower before the president started speaking today. the dow is up 45 points. nasdaq is up about 32, and s&p is up about nine. not a hu
we heard from president obama. did he mock congress? ashley: a little bit. this is busy day on new year's eve. not a done deal. we're making progress on an agreement. there is more work to do. the hour is. lori: fiscal cliff taking away from what has been a solid year for stocks. s&p 500 up 11 1/2%. nasdaq up 14%. accordingly we're looking for answers. ashley: apple shares clawing back from the three-month slide. baron's jack hough says the stock has more upside ahead and he will explain...
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Dec 28, 2012
12/12
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that's how congress works, of course. pass it and we'll be done. we'll go home for christmas. not so much. president obama did hand them a plan as treasury secretary tim geithner made a special trip all the way to john boehner's office on capitol hill. he delivered the plan to speaker boehner, a plan pretty much identical to the one president obama just won the election on. you might have thought that would have been leading, the problem would have been solved. not so much. >> flabbergasted. i looked at him, you can't be serious. i've just never seen anything like it. >> so when you said you wanted to be led, you just wanted a plan, that was a joke? so the white house agreed, then, no more leading, that was not what their partners in the house of representatives wanted. instead, white house and boehner entered into intense lengthy negotiations. and by the end of them they seemed really close to a deal. the white house had agreed to cut their tax ask by about 400 billion, to increase their spending cuts by another 400 billion and only ask for about half as much stimulus. they m
that's how congress works, of course. pass it and we'll be done. we'll go home for christmas. not so much. president obama did hand them a plan as treasury secretary tim geithner made a special trip all the way to john boehner's office on capitol hill. he delivered the plan to speaker boehner, a plan pretty much identical to the one president obama just won the election on. you might have thought that would have been leading, the problem would have been solved. not so much. >>...
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Dec 31, 2012
12/12
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president obama acknowledged lapsed that the white house would take immediate steps to resolve. he rejected criticism that he would let his u.n. ambassador twisting in the wind, susan rice, instead of training fire on republicans. >> information a politically motivated attack on her. she probably had the least to do with the attack on benghazi. why she was targeted individually for the kind of attacks that she was subjected to is -- it was puzzling to me. >> the process also seems to be playing out with one of obama's top picks to lead the pentagon. the president was quick to praise republican former nebraska senator chuck hagel, but was just as quick to say he hadn't made up his mind. >> i haven't made a decision about who to nominate. >> anything disqualify him? >> not that i see. i have serbed with chuck hagel. he know him. is he somebody who served this country is w veil valor. >> he ran into stubborn resistance over the weekend from senate republicans like lynndie graham and tomko burn. >> there would be little republican support. there will be very few votes at the end of
president obama acknowledged lapsed that the white house would take immediate steps to resolve. he rejected criticism that he would let his u.n. ambassador twisting in the wind, susan rice, instead of training fire on republicans. >> information a politically motivated attack on her. she probably had the least to do with the attack on benghazi. why she was targeted individually for the kind of attacks that she was subjected to is -- it was puzzling to me. >> the process also seems...